SAN ANTONIO--(BUSINESS WIRE)--Mar. 5, 2015--
NuStar Energy L.P. (NYSE: NS) announced today that it ranked No. 18 on
the 100 Best Companies to Work For list, which will appear in the March 9th
issue of Fortune Magazine. NuStar, which has made the list
for seven consecutive years, moved up eight places from last year when
the company was ranked No. 26.
NuStar is one of only three energy companies on the magazine’s 18th
annual top employer list, and one of only two San Antonio-based
companies. Among the top employers in Texas, NuStar is ranked No. 3 in
“We are fortunate to have the best employees in our industry, as their
positive, can-do spirit is the reason we have been recognized as a top
workplace every year that we’ve applied for the list,” said NuStar
President and CEO Brad Barron. “Last year, our employees showed great
teamwork, focused on our goals and worked incredibly hard to make it a
record year for NuStar.
“None of this would have been possible if not for the special caring and
sharing culture created by our Chairman of the Board Bill Greehey,”
Barron added. “As he always says, if you take care of the employees,
they will take care of our company, unitholders, customers and
communities. Our employees have certainly proven that true, as last year
we had record earnings and total unitholder returns that were among the
best in our industry, and we donated more time and money to our
communities than ever before.”
NuStar was selected among hundreds of companies vying for a place on the
list this year. The selection process includes a confidential employee
survey and an in-depth questionnaire about their programs and company
practices. Great Place to Work® then evaluates each application using
its unique methodology based on five dimensions: credibility, respect,
fairness, pride and camaraderie.
Creators of the methodology behind the list, Great Place to Work® has
found that employees believe they work for great organizations when they
consistently trust the people they work for, have pride in what they do
and enjoy the people they work with.
Some of the considerations in NuStar’s selection for the 100 Best honor
include the company’s employee benefits plan, which has been rated the
best in its industry by top human resources consultants; its reward and
recognition programs; commitment to volunteerism and charitable giving;
and special corporate culture. NuStar offers all-employee bonuses; a
retirement savings plan that includes a 401(k) match of 100 percent up
to 6 percent of pay and a company-funded pension plan; a health and
wellness program; and much more. The company also has never had a layoff
in its history, and instills in employees the philosophy that if they do
a good job, they will always have a good job.
“It is no coincidence that the 100 best workplaces are also extremely
profitable and successful companies,” said China Gorman, CEO of Great
Place to Work®. “Research by our firm definitively showcases that the
best places to work outperform their competitors. There is an absolute
ROI when companies invest in creating a high-trust workplace culture.
Great workplaces have significantly less turnover and produce employees
who have a vested interest in the company.”
Fortune partners annually with Great Place to Work® to conduct
the most extensive employee survey in corporate America to identify the
100 Best Companies to Work For®. Two-thirds of a company's survey score
is based on the results of the Trust Index © Employee Survey, which is
sent to a random sample of employees from each company. This survey asks
questions related to employees' attitudes about management's
credibility, overall job satisfaction, and camaraderie. The other third
is based on responses to the Culture Audit ©, which includes detailed
questionnaires about pay and benefit programs and a series of open-ended
questions about hiring practices, methods of internal communication,
training, recognition programs and diversity efforts.
Organizations named on the list see many benefits that include better
financial performance, less employee turnover, higher levels of customer
satisfaction and loyalty, more innovative and creative thinking, higher
productivity and enhanced public perception.
To see the complete 2015 Fortune 100 Best Companies to Work For®
list and to learn more about how to build a high-trust workplace
culture, visit www.greatplacetowork.com.
About NuStar Energy L.P.
NuStar Energy L.P., a publicly traded master limited partnership based
in San Antonio, is one of the largest independent liquids terminal and
pipeline operators in the nation. NuStar currently has 8,643 miles of
pipeline and 81 terminal and storage facilities that store and
distribute crude oil, refined products and specialty liquids. The
partnership’s combined system has approximately 93 million barrels of
storage capacity, and NuStar has operations in the United States,
Canada, Mexico, the Netherlands, including St. Eustatius in the
Caribbean, and the United Kingdom. For more information, visit NuStar
Energy L.P.'s Web site at www.nustarenergy.com.
About Great Place to Work
Great Place to Work® is the global authority on high-trust,
high-performance workplace cultures. Through proprietary assessment
tools, advisory services and employer branding programs, including Best
Companies lists and workplace reviews, Great Place to Work®
provides the benchmarks, framework, and expertise needed to create,
sustain, and recognize outstanding workplace cultures. Great Place to
Index©, a 58-question employee survey that measures trust, is used
around the world to help companies increase the levels of trust across
their organizations and improve business results. Annually, Great Place
to Work® produces the research for the annual Fortune
100 Best Companies to Work For® list and the Great Place
to Work® Best Small and Medium Workplaces list. Follow Great
Place to Work® online at www.greatplacetowork.com
and on Twitter at @GPTW_US.
Fortune is a global leader in business journalism with a combined
audience of more than 9 million readers in print and online. Fortune
covers bold innovators, smart companies, new ideas and innovative
strategies that inspire the Fortune audience to accelerate their
business success. Fortune’s major franchises include the Fortune
500, the 100 Best Companies to Work For, World’s Most Admired Companies,
40 Under 40 and Fastest-Growing Companies. Fortune hosts a wide range of
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Brainstorm Tech, Fortune Brainstorm E and the Fortune
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Source: NuStar Energy L.P.
NuStar Energy, L.P., San Antonio
Investors, Chris Russell, Vice
Investor Relations: 210-918-3507
Mary Rose Brown, Executive Vice President,